NEWPORT BEACH, CA--(Marketwire - December 3, 2010) - This Saturday, 350 PIMCO employee volunteers, friends and family members will gather at the firm's Newport Beach headquarters to pack 2,000 boxes with a holiday meal for needy families in Southern California.
This year marks the third annual "Share the Harvest," an event sponsored by PIMCO Partners, PIMCO's employee volunteer and community outreach program. All 2,000 boxes of food packed by PIMCO volunteers will be donated to the Orange County Food Bank and its many member agencies.
"We are delighted to participate in what has become a wonderful annual tradition for us, with an ever growing number of PIMCO volunteers and donations," said Mohamed A. El-Erian, Chief Executive Officer and Co-Chief Investment Officer of PIMCO and President of The PIMCO Foundation. "We are proud to partner with the OC Food Bank in this 'Share the Harvest' event. The event is of even greater importance for our community given that the unfortunate increase in the number of families and individuals in need.'
"Nearly 500,000 Orange County residents are at risk of suffering from hunger," said Mark Lowry, director of the Orange County Food Bank. "And an average of 130,000 people received food from the OC Food Bank each month this year. So it's wonderful to see that 2,000 vulnerable families will receive the gift of food this holiday season thanks to the generosity of PIMCO's leadership, employees and The PIMCO Foundation."
About PIMCO Partners
PIMCO Partners is PIMCO's employee volunteer group. PIMCO Partners is dedicated to helping build, maintain and enhance the communities in which employees and their families live and work.
About the OC Food Bank
The OC Food Bank is a program of the Community Action Partnership of Orange County, a private charity that offers comprehensive services benefiting vulnerable Orange County residents.
About PIMCO
PIMCO is a global investment management firm founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.
PIMCO has more than 1,300 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.
PIMCO is owned by Allianz S.E., a global insurance conglomerate.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Contact Information:
PIMCO
Mark Porterfield
949-720-NEWS
www.pimco.com